Dolby Laboratories (DLB) Receives a Buy from Rosenblatt Securities

Rosenblatt Securities analyst Steve Frankel maintained a Buy rating on Dolby Laboratories (DLBResearch Report) yesterday and set a price target of $90.00. The company’s shares closed yesterday at $82.67.

According to TipRanks, Frankel is an analyst with an average return of -2.4% and a 48.67% success rate. Frankel covers the Technology sector, focusing on stocks such as Dolby Laboratories, Harmonic, and Avid Technology.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dolby Laboratories with a $82.50 average price target.

See today’s best-performing stocks on TipRanks >>

Based on Dolby Laboratories’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $278.2 million and a net profit of $27.76 million. In comparison, last year the company earned a revenue of $285.03 million and had a net profit of $44.19 million

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Dolby Laboratoties, Inc. designs and manufactures audio and imaging products for the cinema, television, broadcast, and entertainment industries. Its products include Cinema Imaging, Cinema Audio, Dolby Conference Phone, Dolby Voice Room, and Other Products. The company was founded by Ray Milton Dolby in 1965 and is headquartered in San Francisco, CA.

Read More on DLB:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More